Question
Consider the relationship Y = y/(L*e) where y is output per effective worker, Y is aggregate output, L is the labor force, and E is
Consider the relationship Y = y/(L*e) where y is output per effective worker,Yis aggregate output,Lis the labor force, andEis the efficiencyof labor.
We know that the growth rate ofy = 0.6% the growth rate ofL = 3.79% and the growth rate ofe = 2.22% Then we can compute that the growth rate of aggregate outputYis ________%
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Business Law Principles For Today's Commercial Environment
Authors: David P Twomey, Marianne M Jennings
2nd Edition
0324303947, 9780324303940
